Baton Rouge Business Report

Founded in 1982, the Greater Baton Rouge Business Report has always prioritized providing truthful, detailed, and reliable insights into the local business environment. Over the years and through countless editions, our publication has not only stayed true to its mission but has also surpassed goals by becoming a valued ally to both businesses and the surrounding community.

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Why Louisiana is uniquely vulnerable to cuts in Trump’s megabill

1 day ago | businessreport.com | Holly Duchmann

As Congress races to finalize a sweeping budget bill ahead of the July 4 deadline, Politico spotlights the alarm growing in Louisiana. The proposed legislation—central to Donald Trump’s policy agenda—includes deep cuts to Medicaid and food assistance, sparking bipartisan concern in Louisiana, where nearly 35% of residents rely on Medicaid and 1 in 5 depend on SNAP benefits.
US companies to face new requirements on how they report government grants

1 day ago | businessreport.com | Holly Duchmann

The Financial Accounting Standards Board is finalizing a new rule requiring U.S. companies to consistently report government grants—part of a broader effort to bring clarity to financial reporting in the wake of pandemic-era aid, The Wall Street Journal reports. Approved in a narrow 4–3 vote, the rule would mandate that public and private companies disclose the value of grants received, whether in cash, forgiven loans or physical assets like equipment and land.
Roundup: Budget item vetoed / Mortgage rates / $100M AI hub

1 day ago | businessreport.com | Holly Duchmann

Obesity drugs: Gov. Jeff Landry struck language from the Louisiana budget plan that could have provided state employees and public school teachers with insurance coverage for popular weight-loss medication over the next year. The governor does not think the state would be able to cover the cost for the obesity drugs on a long-term basis. Read more from Louisiana Illuminator.
How Trump’s tax bill aims to reshape charitable deductions

1 day ago | businessreport.com | Holly Duchmann

Congress is looking to revive charitable giving—especially among everyday donors—but the House and Senate have different approaches, The Wall Street Journal writes. Both chambers are negotiating versions of a tax bill that would bring back the charitable deduction for people who take the standard deduction, a benefit lost after the 2017 tax law overhaul.
Unemployment among young college grads exceeds the overall jobless rate

1 day ago | businessreport.com | Holly Duchmann

Young people graduating from college this spring and summer are facing one of the toughest job markets in more than a decade. The unemployment rate for degree holders ages 22 to 27 has reached its highest level in a dozen years, excluding the COVID-19 pandemic. Joblessness among that group is now higher than the overall unemployment rate, and the gap is larger than it has been in more than three decades.
Here’s what’s getting ready to open at the former Shed BBQ site

2 days ago | businessreport.com | Holly Duchmann

A new multiuse dining and recreation venue is opening Sunday on Burbank Drive in Baton Rouge, 225 writes. Court to Table will combine a full-service restaurant, bar, pickleball courts and live music stage on a 6-acre site formerly occupied by The Shed BBQ. The concept was developed by local attorney Gordon McKernan and restaurateur Ozzie Fernandez, along with Bob Barton, Destin Thibodeaux and Clay Furr.
Roundup: Jobless claims fall / Plan Baton Rouge III / Trade deficit

2 days ago | businessreport.com | Holly Duchmann

Low level: The number of Americans applying for unemployment benefits fell last week, the Labor Department said Thursday, a sign that companies aren’t cutting many jobs. Jobless claims for the week ended June 21 dropped 10,000, to 236,000, a historically low level. Read more from The Associated Press. Community meeting: Plan Baton Rouge III is hosting its next community meeting on Wednesday, July 16, at the Old State Capitol.
Shell denies it’s actively trying to acquire BP

2 days ago | businessreport.com | Holly Duchmann

British oil giant Shell on Thursday denied media reports that it is in talks to buy rival BP. The Wall Street Journal on Wednesday said Shell was holding “early stage talks,″ to acquire BP, citing people familiar with the matter.
How Louisiana is leading America’s LNG export boom

2 days ago | businessreport.com | Holly Duchmann

Louisiana is at the heart of a major expansion in U.S. liquefied natural gas exports, following five new federal authorizations issued under the Trump administration, The Center Square writes. The Department of Energy’s first approval went to Commonwealth LNG in Cameron Parish, which will be allowed to export up to 1.2 billion cubic feet per day to non-free trade agreement countries.
US economy took a bigger hit in the first quarter than previously thought

2 days ago | businessreport.com | Holly Duchmann

The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected deterioration of earlier estimates. First-quarter growth was weighed down by a surge of imports as U.S. companies, and households, rushed to buy foreign goods before Trump could impose tariffs on them. The Commerce Department previously estimated that the economy fell 0.2% in the first quarter.